1062 Raymond Avenue
Glendale, CA 91201
16169 sqft | 32 beds | 0.34 acres | #24441075
Description
1060 Raymond Ave, Glendale, CA 91201, is a 20-unit multifamily property consisting of 1 three-bedroom/two-bath, 11 two-bedroom/two-bath, 7 one-bedroom/one-bath, and 1 studio unit, totaling 16,169 square feet. Built in 1987, the property falls under AB1482 rent control legislation and offers 22% upside in rents. Located in a highly walkable Glendale neighborhood with easy access to major freeways, retail, and dining, the property enjoys strong occupancy and demand. With diverse unit offerings and significant potential for rental growth, this asset presents a prime investment opportunity in a thriving Los Angeles submarket.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$8,950,000
- MLS #24441075
- MLS #24441075
- Cost8950000
- Acres0.3407
- Square Feet16169
- Year Built1987
- Bedrooms32
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: David Saghian (#CLW-C134249)
Listing Office: Kidder Mathews of California, Inc. (#CLW-X82410)
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